For Sale
$1,200,000

941 Croes AveThe Bronx, NY 10473

7-Unit Apartment Building, Excellent Condition

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional 7-unit apartment building, located at 941 Croes Ave in the Bronx, NY 10473, presents a compelling investment opportunity. Built in 2004, this well-maintained Class B property boasts 5,250 square feet on a 0.06-acre lot. The all-brick and cement masonry construction ensures durability and curb appeal. Each of the seven units features individually metered gas and electric, separate boilers, and new hot water heaters, maximizing efficiency and tenant satisfaction. Finished walk-out basements provide additional space, while a driveway easement and fenced backyard enhance the property's appeal. The building's strategic location offers convenient access to major highways, public transportation, and nearby retail stores. The asking price is $1,200,000, representing a 7.00% cap rate. This multifamily property is an ideal addition to any investment portfolio, offering strong potential for rental income and appreciation. The property's solid construction, updated features, and desirable location combine to create a truly attractive investment opportunity. Don't miss this chance to acquire a well-maintained, income-producing asset in a thriving Bronx neighborhood.

Highlights

  • 7-unit apartment building in the Bronx, NY.
  • Built in 2004, 5,250 sq ft on a 0.06-acre lot.
  • All-brick and cement construction.
  • Individually metered utilities and updated hot water heaters.
  • Finished walk-out basements, driveway easement, and fenced backyard.
  • Excellent access to highways, transit, and retail.

Property Details for 941 Croes Ave

Property type
Apartment buildings
Square Feet
5,250 SF
Class
B
Year Built
2004
Lot Size (sq. ft)
2,614 SF
Units
7

Location Insight

City
The Bronx
County
Bronx
State
New York
Latitude
40.823763
Longitude
-73.8695469
941 Croes Ave, The Bronx, New York

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941 Croes Ave
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